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0001048703-06-000248.txt : 20060908
0001048703-06-000248.hdr.sgml : 20060908
20060908111146
ACCESSION NUMBER: 0001048703-06-000248
CONFORMED SUBMISSION TYPE: SC 13D
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20060908
DATE AS OF CHANGE: 20060908
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: MORGAN STANLEY GOVERNMENT INCOME TRUST
CENTRAL INDEX KEY: 0000825353
IRS NUMBER: 000000000
STATE OF INCORPORATION: MA
FISCAL YEAR END: 0930
FILING VALUES:
FORM TYPE: SC 13D
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-48649
FILM NUMBER: 061080771
BUSINESS ADDRESS:
STREET 1: C/O MORGAN STANLEY TRUST
STREET 2: HARBORSIDE FINANCIAL CENTER, PLAZA TWO
CITY: JERSEY CITY
STATE: NJ
ZIP: 07311
BUSINESS PHONE: (212) 869-6397
MAIL ADDRESS:
STREET 1: C/O MORGAN STANLEY TRUST
STREET 2: HARBORSIDE FINANCIAL CENTER, PLAZA TWO
CITY: JERSEY CITY
STATE: NJ
ZIP: 07311
FORMER COMPANY:
FORMER CONFORMED NAME: MORGAN STANLEY DEAN WITTER GOVERNMENT INCOME TRUST
DATE OF NAME CHANGE: 19981221
FORMER COMPANY:
FORMER CONFORMED NAME: WITTER DEAN GOVERNMENT INCOME TRUST
DATE OF NAME CHANGE: 19920703
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: Karpus Management, Inc.
CENTRAL INDEX KEY: 0001048703
IRS NUMBER: 161290550
STATE OF INCORPORATION: NY
FISCAL YEAR END: 0630
FILING VALUES:
FORM TYPE: SC 13D
BUSINESS ADDRESS:
STREET 1: 183 SULLY'S TRAIL
CITY: PITTSFORD
STATE: NY
ZIP: 14534
BUSINESS PHONE: 5855864680
MAIL ADDRESS:
STREET 1: 183 SULLY'S TRAIL
CITY: PITTSFORD
STATE: NY
ZIP: 14534
FORMER COMPANY:
FORMER CONFORMED NAME: KARPUS MANAGEMENT INC
DATE OF NAME CHANGE: 19971029
SC 13D
1
gvt0906.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Morgan Stanley Government Income Trust (GVT)
(Name of Issuer)
Common Stock
(Title of Class of Securities)
61745P106
(CUSIP Number)
George W. Karpus, President
Karpus Management, Inc.,
d/b/a Karpus Investment Management
183 Sully's Trail
Pittsford, New York 14534
(585) 586-4680
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 8, 2006
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition that is the subject of this Schedule 13D,
and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box.
CUSIP No.: 61745P106
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Karpus Management, Inc., d/b/a Karpus Investment Management
I.D. #16-1290558
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
3. SEC Use Only
4. Source of Funds (See Instructions)
AF
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
N/A
6. Citizenship or Place of Organization
New York
Number of Shares Beneficially Owned by Each reporting Person With:
7. Sole Voting Power
1,631,825
8. Shared Voting Power
N/A
9. Sole Dispositive Power
1,631,825
10. Shared Dispositive Power
N/A
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,631,825
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
N/A
13. Percent of Class Represented by Amount in Row (11)
5.04%
14. Type of Reporting Person (See Instructions)
IA
Item 1. Security and Issuer.
Common Stock
Morgan Stanley Government Income Trust
c/o Morgan Stanley Investment Advisors Inc.
Harborside Financial Center - Plaza Two
Jersey City, New Jersey 07311-3977
Item 2. Identity and Background.
(a) Karpus Management, Inc., d/b/a Karpus Investment Management (KIM), George W. Karpus, President, Director, and controlling stockholder, Jo Ann Van Degriff, Vice-President and Director, and Sophie Karpus, Director.
(b) The address of KIMs principal place of business and principal office is: 183 Sullys Trail, Pittsford, New York 14534.
(c) Principal business and occupation - Investment management for individuals, pension plans, profit sharing plans, corporations, endowments, trusts and others.
(d) None of George W. Karpus, Jo Ann Van Degriff or Sophie Karpus (the Principals) or KIM has been convicted in the past 5 years of any criminal proceeding (excluding traffic violations).
(e) During the last 5 years none of the Principals or KIM has been a party to a civil proceeding as a result of which any of them is subject to a judgment, decree, or final order enjoining future violations of or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f) Each of the Principals is a United States citizen. KIM is a New York corporation.
Item 3. Source and Amount of Funds or Other Considerations.
KIM, an independent investment advisor, has accumulated 1,631,825 shares of GVT on behalf of accounts that are managed by KIM (the Accounts) under limited powers of attorney, which represents 5.04% of the outstanding shares. All funds that have been utilized in making such purchases are from such Accounts.
Item 4. Purpose of Transaction.
KIM has purchased Shares for the Accounts for investment purposes. However, KIM reserves the right to contact management with regard to concerns that they have with respect to the Fund. This may include letters to the Board and/or other communications with Fund management. Being an independent registered investment advisor, with a specialty focus in closed end funds, the profile of YY fit the investment guidelines for various Accounts. Shares have been acquired since February 5, 2002.
Item 5. Interest in Securities of the Issuer.
(a) As of the date of this Report, KIM represents beneficial ownership of 1,631,825 shares, which represents 5.04% of the outstanding shares. George W. Karpus presently owns 2,105 shares. Mr. Karpus purchased these shares on July 10, 2006 at $8.51 (230 shares), July 11, 2006 at $8.54 (90 shares), July 12, 2006 at $8.53 (360 shares), July 13, 2006 at $8.54 (200 shares), July 28, 2006 at $8.69 (100 shares), July 31, 2006 at $8.67 (975 shares), August 2, 2006 at $8.60 (75 shares), August 3, 2006 at $8.58 (25 shares), August 7, 2006 at $8.60 (50 shares). Sophie Karpus presently owns 975 shares of the Fund. Ms. Karpus purchased shares on February 10, 2003 at $9.14 (700 shares), November 8, 2004 at $8.80 (700 shares) and on June 27, 2006 at $8.49 (275 shares). Ms. Karpus sold shares on January 27, 2006 at $8.86 (700 shares). Karpus Investment Management Profit Sharing Plan presently owns 1,700 shares. The Plan purchased shares on June 25, 2003 at $9.16 (850 shares) and on June 27, 2003 at $9.15 (850 shares
). Karpus Investment Management Defined Benefit Plan presently owns 1,635 shares, purchased on Sepbember 2, 2003 at $8.86 (650 shares)), May 1, 2006 at $8.54 (450 shares) and June 27, 2006 at $8.49 (535 shares). None of the other Principals of KIM presently own shares of GVT.
(b) KIM has the sole power to dispose of and to vote all of such Shares under limited powers of attorney.
(c) Open market purchases for the last 60 days for the Accounts. There have been no dispositions and no acquisitions, other than by such open market purchases:
Date Shares Price Per Share
7/5/2006 3800 8.50
7/7/2006 10200 8.52
7/7/2006 -400 8.54
7/10/2006 11000 8.51
7/10/2006 -600 8.55
7/11/2006 2800 8.54
7/12/2006 10775 8.53
7/13/2006 5450 8.54
7/24/2006 -220 8.78
7/26/2006 -150 8.74
7/27/2006 3500 8.72
7/28/2006 3600 8.69
7/31/2006 28600 8.67
8/1/2006 7000 8.64
8/2/2006 14500 8.61
8/3/2006 7500 8.61
8/7/2006 8800 8.62
8/11/2006 -200 8.84
8/28/2006 -250 8.94
The Accounts have the right to receive all dividends from, and any proceeds from the sale of the Shares. None of the Accounts has an interest in Shares constituting more than 5% of the Shares outstanding.
Item 6. Contracts, Arrangements, Understandings, or Relationships with Respect to Securities of the Issuer.
Except as described above, there are no contracts, arrangements, understandings or relationships of any kind among the Principals and KIM and between any of them and any other person with respect to any of the GVT securities.
Item 7. Materials to be Filed as Exhibits.
Not applicable.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete, and correct.
Karpus Management, Inc.
By: /s/
Name: Dana R. Consler
Title: Senior Vice President
Date: September 8, 2006
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